Quote from traitor786:
MAESTRO,
You mentioned previously that you do tests on subject in Toronto, do you test a variety of different types or levels of traders?
Also the system mentioned. Can you talk a little of quality of the data feed, if it comes with it ?
Thank you.
I found (or refound) this BBC Document and thought It maybe of interest, excuse me if it is elementary.
At around 15 mins it talks about Prospect theory, I have seen this video before, it may be from this thread![]()
http://www.youtube.com/watch?v=cVqVJ0IXi_M
The blond girl near 21 mins kinda reminds me of me lol
I found the pilots viewpoints interesting (36 mins on) and would draw parallel conclusions for traders. We all trade our conceptual awareness and progress is based on our ability to reject or accept new concepts, make them work and fit them into our strategy. Sometime a discovery completely alters our methodology.
I like the objectivity of the pilots as they search for answers as to why 4% of pilots are the top guns when everyone is getting the same training. It's the same for traders so a successful system will produce a wide variation in results.
I think the 3 to 5 seconds lead time awareness of the top top-guns is due to a higher level of information awareness rather than precognition. If that is the case then it can be tested and proven in the markets with the correct tools that give traders an edge.